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The House of Representatives has resolved to constitute an ad hoc committee to investigate a whistle-blower’s allegation of illegal sale of 48 million barrels of Nigeria’s Bonny Light crude in China in 2015 and the insurance status of the cargo.
The committee is also to investigate all crude oil exports and sales by Nigeria from 2014 to date, with regards to quantity, insurance, revenue generated, remittances into the Federation Account or other accounts as well as utilisation of the revenue for the period under review.
In addition, the panel will investigate all proceeds recovered through the Whistle-Blowers Policy of the administration of President Muhammadu Buhari and the level of compliance by the policy.
The committee is to report back within four weeks for further legislative action.